The Polishing Department of Coronado Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,520 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 46,300; ending inventory of 6,800 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,500 of materials and $34,645 of conversion costs; materials costs added in Polishing during the month, $204,254; labor and overhead applied in Polishing during the month, $126,100 and $258,340, respectively. (a) Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production
The Polishing Department of Coronado Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,520 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 46,300; ending inventory of 6,800 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,500 of materials and $34,645 of conversion costs; materials costs added in Polishing during the month, $204,254; labor and overhead applied in Polishing during the month, $126,100 and $258,340, respectively. (a) Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 19E
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Question
![The Polishing Department of Coronado Company has the following production and manufacturing cost data for September.
Materials are entered at the beginning of the process.
Production: Beginning inventory 1,520 units that are 100% complete as to materials and 30% complete as to conversion costs; units
started during the period are 46,300; ending inventory of 6,800 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $20,500 of materials and $34,645 of conversion costs; materials costs
added in Polishing during the month, $204,254; labor and overhead applied in Polishing during the month, $126,100 and $258,340,
respectively.
(a)
Compute the equivalent units of production for materials and conversion costs for the month of September.
Materials
Conversion Costs
The equivalent units of production](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24a3cdd9-2630-4db5-a4f1-22c7b2835779%2F66294ad9-7bf6-42a0-841c-20ef4790432b%2F40b24zi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Polishing Department of Coronado Company has the following production and manufacturing cost data for September.
Materials are entered at the beginning of the process.
Production: Beginning inventory 1,520 units that are 100% complete as to materials and 30% complete as to conversion costs; units
started during the period are 46,300; ending inventory of 6,800 units 10% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $20,500 of materials and $34,645 of conversion costs; materials costs
added in Polishing during the month, $204,254; labor and overhead applied in Polishing during the month, $126,100 and $258,340,
respectively.
(a)
Compute the equivalent units of production for materials and conversion costs for the month of September.
Materials
Conversion Costs
The equivalent units of production
![Swifty Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows.
Cutting Department
Production Data-July
T12-Tables
Work in process units, July 1
Units started into production
20,400
Work in process units, July 31
3,060
Work in process percent complete
60
Cost Data-July
Work in process, July 1
$0
Materials
387,600
Labor
239,088
Overhead
106,080
Total
$732,768
(a1)
Compute the physical units of production.
T12 Tables
Units to be accounted for](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24a3cdd9-2630-4db5-a4f1-22c7b2835779%2F66294ad9-7bf6-42a0-841c-20ef4790432b%2Fee5m5bh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Swifty Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning,
and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows.
Cutting Department
Production Data-July
T12-Tables
Work in process units, July 1
Units started into production
20,400
Work in process units, July 31
3,060
Work in process percent complete
60
Cost Data-July
Work in process, July 1
$0
Materials
387,600
Labor
239,088
Overhead
106,080
Total
$732,768
(a1)
Compute the physical units of production.
T12 Tables
Units to be accounted for
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